Geopolitics and Global Supply Chains
Benjamin Selwyn argues that geopolitical rivalries have stimulated the development of advanced technologies, which in turn have helped to shape global supply chains.
Global supply chains (GSCs), accounting for around 70 percent of international trade, are often referred to as the backbone of the world economy.
As tensions rise between major powers, especially the United States and China, many commentators fear for the future of GSCs and the world economy.
Such projections overlook how geopolitical rivalries have stimulated the development of advanced technologies, which in turn enabled the rise and ongoing transformation of global supply chains.
A close look at the US-led development of technology during the Cold War shows that it enabled the formation and expansion of many contemporary global supply chains.
Author's summary: Geopolitics powers global supply chains.
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